Synopses & Reviews
Synopsis
This book examines the history of Social Security and predicts that the system will face bankruptcy within the next few years.
Synopsis
For more than 60 years Social Security has been the most important source of retirement income for senior citizens. Now the program is facing a severe financial crisis. Unless the program is reformed and restructured, today's young workers will not receive the benefits they've been promised.
This book examines the history of Social Security and predicts that the system will face bankruptcy within the next few years. The authors look at proposed reforms and their impact on young people, women, families, the poor, and minorities, concluding that the only way to save Social Security is to transform it into a system of individually owned, privately invested accounts, similar to IRAs or 401(k) plans.
Description
Includes bibliographical references (p. 227-254) and index.